Costa Rican Consumer Confidence Index showed no signs of improvement in first quarter

April 8th, 2013 (InsideCostaRica.com) There was little variation during the first quarter of this year in Costa Ricans’ feelings about their and their country’s current and future economic situation.

On a scale of zero to ten, Costa Rica’s Consumer Confidence Index registered at 4.4 in the month of March, a slight increase from 4.3 in February but identical to March 2012.

The index has not registered a score above 5 since February 2011, which authorities would take as a sign of consumer confidence. This makes the period the longest stretch of pessimism -26 months- since the indicator was created in January 2005.

The index is developed and based on a monthly survey by polling firm Unimer.

In the past two years, consumer confidence peaked in March 2011, at 5.1 points.

Like us on Facebook and receive our news in your timeline

Maybe it is because of a stupid president ,crooked congress and over paid state employees!

disgusted

Let see about 60% of all jobs are connected with the government. This got to be flawed survey I say more of 1.1 rating.

mhogan

When an established Tico bank manager worries about buying a $140,000 home, can you imagine the discomfiture of the average folk? There is uncertainty in job sustainability. Maybe la presidenta should focus on a sustainable economy instead of a preoccupation with the environment, or there may be more people claiming a “tree” as their principal residence.

disgusted

Yeah you make a good point . I wonder what the foreclosure rate is here?? I have known two families in my bario where Kicked out and bank took back the property the house was about 70K and sold again. Seems like a win win for the bank and total loss for the family.

U.S. Income Tax

James Brohl C.P.A.

Partner of David Housman. Specializing in all matters of concern to U.S. taxpayers residing abroad and other I.R.S. filing requirements.

Foreign income tax exclusion (up to $97,600 per year) for all back years. Taxpayers filing past due tax returns before I.R.S. notice do not face criminal sanctions.